Article 50 (Basic Deduction)

For a resident (natural person only) with comprehensive income, an amount calculated by multiplying the number of persons falling under any of the following subparagraphs by 1,500,000 won per person shall be deducted from the comprehensive income amount of the resident for the relevant taxable period. <Amended by Act No. 13554, Dec. 15, 2015; Act No. 17847, Dec. 31, 2024> 1. The relevant resident 2. The resident's spouse who has no income for the relevant taxable period or whose total income for the relevant taxable period is 1,000,000 won or less (including a spouse whose sole income is earned income of 5,000,000 won or less in total salary). 3. Dependent family members falling under any of the following subparagraphs who live with the resident (including the spouse. The same applies hereinafter in this subparagraph) and whose total income for the relevant taxable period is 1,000,000 won or less (including dependent family members whose sole income is earned income of 5,000,000 won or less in total salary). (If such dependent family members fall under the category of disabled persons under Article 51 (1) 2, the age limit shall not apply). a. Lineal ascendants of the resident (including their spouses, as prescribed by Presidential Decree, if the lineal ascendants have remarried) who are 60 years of age or older. b. Lineal descendants of the resident as prescribed by Presidential Decree, and cohabiting adopted children as prescribed by Presidential Decree (hereinafter referred to as "adopted children") who are 20 years of age or younger (meaning the date they turn 20 and the period before that. The same applies hereinafter in this Article). In this case, if the lineal descendant or adopted child and their spouse both fall under the category of disabled persons under Article 51 (1) 2, the spouse shall be included. c. Siblings of the resident who are 20 years of age or younger or 60 years of age or older. d. Persons prescribed by Presidential Decree among beneficiaries under the 「National Basic Livelihood Security Act」. e. Children raised under family placement under the 「Child Welfare Act」 as prescribed by Presidential Decree (hereinafter referred to as "foster child").

If the resident's spouse or a dependent family member falls under the dependent family member of another resident, the deduction shall be made from the comprehensive income amount of either resident in accordance with Presidential Decree.